Ardor
Ardor (ARDR) - Range bound? So ARDR is another platform which I have some faith in. In my previous posts, I discuss the fact that I prefer functioning platforms. At this point, ARDR is not a functioning platform, but rather a token which is set to launch Q4 this year I believe. The reason I am still interested and invested in this platform is because of the team behind it. If you are familiar with NXT, Ardor is built by them and is by their own description, NXT 2.0. NXT is already a really strong and underrated platform as it is, so I believe Ardor will make a big jump in the long term. I am accumulating now in anticipation of a big price increase come end of the year. Check out the NXT website for more info as well as the developer's (Jelrudia) website for more info. Worth reading if you are interested in blockchain from more than a pure trading perspective.
For this chart, it really looks like we could be range bound for hopefully a few more moves before making a stronger push up or down. I would guess up as the market is bullish, but it may not be a strong move up immediately as hype is more around NXT (for IGNIS ICO) as well as NEO and others right now. Fine for me, time to accumulate more.
If you are comfortable trading ranges, this may provide an opportunity. The EMAs are flattening out and have not yet crossed over so I do not believe any breakout is imminent. Support line from previous support has been met, although it could drop down to another support level. I believe this will hold though and push upwards to resistance as the stochastic is starting to flip. Trading in a range can be fun, but risky. Don't bet the farm.
Good luck.
ARDR - Long or Short?Longer term trend indicates ascending triangle, shorter term trend shows possible descending pennant. Looking like a possible breakout over Sunday –– especially with all the hype on Twitter the last few days (being added to Chinese exchange, a few cries of "next ETH in one year!")
I'm personally long for the mid term, what do you think?
NXT/BTC August with Ardor incoming !In this chart we have analyzed NXT on his super strong Up Trend since about 1.5 months ago, without doubt this is one of the most impressive comebacks in the crypto market after being in an all time low for a very long period.
Basically we will be expecting NXT to rise as the Ardor Release get closer and closer, as many of you already know Ardor every hour is getting more expensive in the amount of NXT to hold so you receive your Ardor, by now already 32% of all Ardor has been given away which leaves only 68% of the coins to be distributed, if we do math you will be needing to hold 1.32 NXT until Oct. 12th for you to receive 1 ARDR, and not only that you will be needing more NXT, you also will be needing to pay more for each NXT as time goes by.
As the price climbs up further and further expect higher levels of volatility as many people will start to get rid of they're NXT after a long wait for recovery on the price they paid about a year and a half ago. So we will be noticing higher levels of volatility plus a very strong resistance when price do major steps forward.
This is an easy swinging trade coin as the volatility is still controllable and daily moves are in average dancing around 200 pips up and down.
I hope all of you are in the accumulation of those ARDR tokens as they will be very valuable for main chain - child chain security of the network.